Exchange Traders Review – Live Trading Sessions

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Exchange Traders Review – Live Trading Sessions

UPDATE 29.12.2020: This service is no longer operational. Links might point to a similar service. This is a review of live trading sessions called Exchange Traders that is run by the same traders who gave us NightOwl signals. This is the first fully dedicated binary options trading service focused on Nadex. For those who don’t know, NADEX is the only regulated options exchange in the USA.

This is very significant because this makes it completely legal to use for US citizens. It is much better to trade with regulated broker as it offers a high degree of assurance that the broker is being watched by an outside regulating body. It also means that channels of filing complaints are in place and can be acted on in case of malpractice.

Trading Live

The people behind Exchange Traders created a service to meet user feedback. There was a need for a service that would deal only with Nadex. Trading on their platform is a bit different from trading on other binary options brokers. The interface is unique and there are additional functionalities and options available.

Fortunately, both Nadex and Exchange Traders, provide full explanation and guidance for beginner traders using their platform. Also, the live video feed show users exactly what the trader is doing and how he is doing it. High definition quality streaming makes viewing the live sessions very easy and Chris tries to describe everything in real time.

Trading only 1 Hour a day from 8:30 AM to 9:30 AM EST

The live trading sessions start at 8:30am Eastern Standard Time and last until 9:30am. Some may argue that trading one hour a day is not enough but the truth is that trading for an hour a day can bring consistent profits with the right system and concentration.

We’ve tried the system and trading one hour a day feels right, especially for those who can’t or don’t want to spend long hours in front of their monitor screen following the price action.

Let’s face it, not everyone who wants to make money trading short term options wants to do it professionally. There are those who love their day jobs.

Most traders want to supplement their existing income with a few trades per week. If you fall into this category, and you live in the US, Exchange Traders should be the right service for you.

With win ratio above 75% the aim of the trading room is to finish every week in profit. Chris talks about upcoming news and economic releases and looks at various technical indicators on his charts.

He explains everything quite fluently and there is a chat line open to ask questions.

This video will show you how easy it is to follow Chris in his live trading room.

A few final words

Some may argue that trading one hour a day is not enough but the truth is that trading for an hour a day can bring consistent profits with the right system and approach. The professional traders behind Exchange Traders, having on offer two other live trading sessions, namely 2 hours during the the US and Asian sessions, are very experienced in what they do.

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They understand the public demand and use of such live trading sessions and they do their best to meet the expectations of their subscribing members. The ‘hands on’ teaching experience coupled with a live streaming is really an eye opener, especially for beginning traders.

For those who live in the USA and want to try to trade binary options with a regulated broker, the Exchange Traders offers the opportunity to learn how to use Nadex’ unique trading platform.

However, the most important aspects of Exchange Traders are the live technical analysis, on-point market commentary, and last, but certainly not least, the winning signals and trades which you can copy on your own account in real-time.

Link points to a similar service. Exchange Traders is no longer available.

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Forex Trading Sessions

Now that you know what forex is, why you should trade it, and who makes up the forex market, it’s about time you learned when you can trade.

It’s time to learn about the different forex trading sessions.

Yes, it is true that the forex market is open 24 hours a day, but that doesn’t mean it’s always active the entire day.

You can make money trading when the market moves up, and you can even make money when the market moves down.

BUT you will have a very difficult time trying to make money when the market doesn’t move at all.

And believe us, there will be times when the market is as still as the victims of Medusa.

This lesson will help determine when the best times of the day are to trade.

Forex Market Hours

Before looking at the best times to trade, we must look at what a 24-hour day in the forex world looks like.

The forex market can be broken up into four major trading sessions: the Sydney session, the Tokyo session, the London session, and Pipcrawler’s favorite time to trade, the New York session. Below are tables of the open and close times for each session:

Spring/Summer in the U.S. (March/April – October/November)

Local Time EDT BST (GMT+1)
Sydney Open – 7:00 AM

Sydney Close – 4:00 PM

Tokyo Open – 9:00 AM

Tokyo Close – 6:00 PM

London Open – 8:00 AM

London Close – 4:00 PM

New York Open – 8:00 AM

New York Close – 5:00 PM

Fall/Winter in the U.S. (October/November – March/April)

Local Time EST GMT
Sydney Open – 7:00 AM

Sydney Close – 4:00 PM

Tokyo Open – 9:00 AM

Tokyo Close – 6:00 PM

London Open – 8:00 AM

London Close – 4:00 PM

New York Open – 8:00 AM

New York Close – 5:00 PM

Actual open and close times are based on local business hours, with most business hours starting somewhere between 7-9 AM local time.

Open and close times will also vary during the months of October/November and March/April as some countries (like the United States, England and Australia) shift to/from daylight savings time (DST).

The day of the month that a country shifts to/from DST also varies, confusing us even more. And Japan doesn’t observe daylight savings, so thank you Japan for keeping it simple.

Now, you’re probably looking at the Sydney Open and wondering why it shifts two hours in the Eastern Timezone.

You’d think that Sydney’s Open would only move one hour when the U.S. adjusts for standard time, but remember that when the U.S. shifts one hour back, Sydney actually moves forward by one hour (seasons are opposite in Australia).

You should always remember this if you ever plan to trade during that time period.

Also take notice that in between each forex trading session, there is a period of time where two sessions are open at the same time.

During the summer, from 3:00-4:00 AM ET, for example, the Tokyo session and London session overlap, and during both summer and winter from 8:00 AM-12:00 PM ET, the London session and the New York session session overlap.

Naturally, these are the busiest times during the trading day because there is more volume when two markets are open at the same time.

This makes sense because, during those times, all the market participants are wheelin’ and dealin’, which means that more money is transferring hands.

Now let’s take a look at the average pip movement of the major currency pairs during each forex trading session.

Pair Tokyo London New York
EUR/USD 76 114 92
GBP/USD 92 127 99
USD/JPY 51 66 59
AUD/USD 77 83 81
NZD/USD 62 72 70
USD/CAD 57 96 96
USD/CHF 67 102 83
EUR/JPY 102 129 107
GBP/JPY 118 151 132
AUD/JPY 98 107 103
EUR/GBP 78 61 47
EUR/CHF 79 109 84

From the table, you will see that the London session normally provides the most movement.

Notice how some currency pairs have much larger pip movements than others.

Let’s take a more in-depth look at each of the sessions, as well as those periods when the sessions overlap.

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